Analyze the recent cryptocurrency market conditions, with BTC and ETH both declining, over 200,000 traders liquidated globally, totaling $616 million. Currently, BTC's key support levels are in the 85,000-86,800 range. If it falls below the $80,000 mark, it may continue to seek lower support levels. ETH is temporarily weak, breaking below the lower Bollinger Band on the 4-hour chart, with MACD bearish momentum continuing to expand.



From the capital flow perspective, whales and ETF funds are fleeing, indicating a lack of market confidence. The macro outlook is also not very optimistic, and there may be another significant drop this week.

Trading suggestions: For BTC, look for rebound opportunities in the 82,000-80,000 range. For ETH, consider shorting near 2,960-3,030. SOL can attempt a short-term long around 127, with resistance at 134-136. Overall, the market remains in a correction phase, so a conservative approach is recommended with strict risk control. Continue to monitor on-chain data and large traders’ movements, and adjust strategies promptly.
BTC-0.13%
ETH0.56%
SOL0.46%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)